The French civil servants’ pension scheme, ERAFP, is investing at total of €350 million in private equity and infrastructure across Europe.
ERAFP, which has about €26.2 billion of assets under management, has awarded the ten-year private equity mandate to Access Capital Partners and will invest €200 million in a range of un-listed European small and medium-sized (SME) companies.
Most of the SMEs will have their registered office in France, Germany, the Benelux countries, the UK, Finland, Sweden, Denmark or, to a lesser degree, Italy, Spain, Portugal or other OECD countries.
The infrastructure investment is worth €150 million and was awarded to Ardian France. The infrastructures “are or will be built essentially in EU countries”, the scheme said.
The aim of the investments – apart from diversification – is to help finance the French and wider European economy through private equity, while the infrastructure investment will “develop sustainable assets that drive economic development and the energy transition and are useful to future generations”.
ERAFP last year invested up to €1 billion in smart beta low carbon strategy.
©2017 funds europe
